Strong launch take-up reveals buyer focus on connectivity as River Modern and Pinery Residences drive 1,300 private home sales in March

New home sales in Singapore jumped to 1,300 units in March, excluding executive condominiums, a fivefold increase from February’s 246 units, driven overwhelmingly by the near-sellout launches of River Modern and Pinery Residences. The two projects alone accounted for 959 units—nearly 74% of all private home sales for the month. River Modern, a 455-unit development in the Core Central Region, sold 416 units at a median price of S$3,220 per square foot. Pinery Residences, a 588-unit project in the Outside Central Region, moved 543 units at a median price of S$2,547 psf. Both developments are located within close proximity to MRT stations on the Thomson-East Coast and Jurong Region Lines, a factor that analysts say continues to rank among buyers’ top considerations. The OCR recorded 665 private home sales in March, its strongest monthly performance since August 2025, while the CCR rebounded sharply to 472 units, up from just 63 the previous month. Including ECs, total developer sales reached 1,937 units, a significant leap from February’s 266. Meanwhile, 275 EC units were sold at or above S$2 million in March, with nearly half of Rivelle Tampines EC’s 530 units transacted within the S$2 million to S$3 million range.